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Moakley Park and M Street Field will soon see some much needed improvements.

At an event held in Roslindale Wednesday, Mayor Thomas M. Menino touted his five-year $1.8 billion Capital Plan, which has set money aside for improvements at the two South Boston parks.

The plan includes 336 city-wide projects and 95 of the projects will work to improve neighborhood parks.

“Careful planning and thoughtful decisions – in many cases very difficult decisions – over the last several years have positioned Boston for greater success as economic recovery takes hold,” said Menino in a statement. “By investing in people and programs, as well as infrastructure, we continue to build a better Boston.”

Work at the M Street Field will include improvements to the field’s drainage system. Moakley Park will see its playing courts renovated.

The plan, according to the mayor's office, will invest $100 million more than last year and is estimated to create 700 construction jobs in Fiscal Year 2013.

The 95 park improvement projects account for more than a quarter of all the capital projects and are estimated to cost close to $90 million.

A statement from the mayor’s office said the new plan aims to improve the quality of life of residents through investments in parks and community centers.

---Email Patrick D. Rosso, patrick.d.rosso@gmail.com. Follow him @PDRosso, or friend him on Facebook.